Hobart and Darwin are the capital cities faring best in Australia, with Australian Bureau of Statistics house price index figures released last week showing these two cities made house price gains in the year to March 2009.

For the big three eastern capitals of Melbourne, Sydney and Brisbane, the news was not so hot.

Melbourne declined 6.7 per cent, Sydney 7.3 per cent and Brisbane 6.7 per cent, while Perth slipped a whopping 10.1 per cent, Canberra 5.1 per cent and Adelaide 1.9 per cent.

The Northern Territory capital of Darwin had the honour of the nation’s highest house price rises, increasing 10.8 per cent between March 2008 and March 2009. Hobart rose 0.6 per cent.

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Tags: Australia, Brisbane, Darwin, Hobart, House Price Index, House Prices, Melbourne, Sydney

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